Mineralogy Wins Pilbara Royalty Suit

ABC News reported that Clive Palmer’s Mineralogy has won a claim with Australia’s Supreme Court for $149.4 million in unpaid royalties against two Citic Pacific subsidiaries over a Pilbara iron ore project. Justice Kenneth Martin ruled Mineralogy’s claim for unpaid royalties against Sino Iron and Korean Steel had been established. He also found the claims against Citic, as guarantor for Sino and Korean debts, remained to be determined.

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